This pamphlet is a review of the economic and financial outlook among institutions of higher education for 1934-1935 as seen by the financial officers of those institutions. It appears that, for the group studied, the decrease in income which has prevailed for the past two years is about at an end. The reports available from some 500 institutions (53 per cent of those to which inquiries were addressed) would seem to forecast a change of less than 1 per cent from the previous year in expected current and capital receipts, in budgeted expenditures for educational and general purposes, and in the number of staff members or in their compensation.